BANKS

[Waltzing]

nice chart for ANZ AUS...

[BlackPeter]

nice chart for ANZ AUS...

Well, yes - nice for the people holding it since the recent lows in 2022 and 2020 and planning to sell. Does this augur well as well for people who are considering to buy now? I am not so sure.

Historically seen is banking a cyclical industry, and ANZ is currently much closer to its historic peaks than to its historic troughs.

[Waltzing]

Yes if it drops back to the low 20's its a possible top up.... topping out yup... be interesting to see if it chugs along up here for a while...

Depends on those NIM's one supposes..

[Waltzing]

Always  good to read  more abouts banks and banking systems...

https://en.wikipedia.org/wiki/Twin_crises

Boring reading also ...

History of Australia and New Zealand Bank.

Published LongMans 1961.

[Waltzing]

"The UK has already introduced confirmation of payment technology, since credited with drastically reducing scam losses.

British banks have also been forced to refund customers who lose money in authorised payment fraud."

https://www.nzherald.co.nz/business/banks-want-government-support-for-anti-scam-centre-after-crims-pilfer-millions-from-kiwi-victims/AOUHMBDL7BAWFICWQFV7JORTXY/

[Waltzing]

Going to be very interesting to see how the banks perform in the next 12 months...

 https://www.cnbc.com/2024/04/16/powell-cites-lack-of-progress-this-year-in-reaching-feds-inflation-goal.html

[Waltzing]

A drop!!

https://www.interest.co.nz/personal-finance/127378/challenger-bank-sbs-jumps-mortgage-market-big-splash-aiming-snare-outsized

[Waltzing]

https://www.rbnz.govt.nz/statistics/series/lending-and-monetary

people still spending... no big drops last 12 months.

[Waltzing]

Do you think they got more than an EXCEL worksheet covering this ?

https://www.nzherald.co.nz/business/reserve-bank-wants-banks-to-keep-a-closer-eye-on-the-insurability-of-properties-it-lends-against/Y54R2UUOCVDRHPZ2GJQCPV4GGE/

Deep water Horizon on 2... "We good to go Mr Jimmy"

[Waltzing]

ANZ out with reducted profit ... not much though... SP will pull back a bit for a while...

made CNBC Asia...

https://www.nzx.com/companies/ANZ/announcements

bit of a BB coming .... 2 billion ...

[winner (n)]

ANZ out with reducted profit ... not much though... SP will pull back a bit for a while...

made CNBC Asia...

https://www.nzx.com/companies/ANZ/announcements

bit of a BB coming .... 2 billion ...

Hey waltz ...ANZ CASH PROFIT WAS UP

[Waltzing]

WHAT!!!

well they have interview after interview ... too busy with scones and cream to check anything yet...

is that good winner()?

should have been over weight on this one ...from 22 ... can we have another global crisis please ... havnt got enought of this one...

just wait here is a recession coming when both countries .. im mean AUSNZ  ... we are joining soon arnt we?

what recession and the cash is up ... what on earth is going on ... nothing make any sense... TRA down HLG up, down cant make its mind up ... everything is upside down...

WBC nearly back to those heady heights before the royal commission that make the SKY court cases look small time...

[Waltzing]

Some numbers , notice the down bits ...  just to many charts for even AI to make sense of ....

[Waltzing]

Good read on early banking in AUS is ... we have a copy..

original history of ANZ BANK on the shelves...

Australia and New Zealand Bank.. SJ Butlin... 1828 - 1951. Published 1961.

Please note this is NOT AI assisted in Edge or Chrome.

[Ferg]

Smartshares ASF Australian bank fund has reached an all time high today:

https://finance.yahoo.com/quote/ASF.NZ/